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- Agencies back search alliance
- The heads of the four largest advertising agency groups came out yesterday in support of the proposed search engine alliance between Microsoft and Yahoo.Their backing for the deal comes as regulators on both sides of the Atlantic are studying the partnership, which the two companies claim will create a...
- News items 2009-10-19
- Cairn raises $310m for Greenland exploration
- Cairn Energy, the oil company that made one of the biggest discoveries of the decade in India, has raised $310m (£196m) to fund its exploration in Greenland through a deal with Petronas of Malaysia.The deal for the first time puts a value on Cairn's holdings in Greenland, a largely...
- External links 2009-10-14
- Archbishop queries miner shareholding
- The Archbishop of Canterbury has raised concerns about the Church of England's investment in Vedanta, the FTSE 100 mining group criticised by the government this week over its plans to open a bauxite operation in a sacred mountain area of India.Speaking at Southwark Cathedral on Tuesday, Rowan Williams said...
- News items 2009-10-14
- Chinese demand for steel pushes Rio to third-quarter record
- Rio Tinto upgraded its 2009 iron ore production target by up to 7.5 per cent yesterday following a record third-quarter performance on the back of continued strong demand fromChinese steelmakers .Although bauxite and coking coal output fell in the three months to September, the AngloAustralian miner recorded better results...
- External links 2009-10-14
- Time to join the ranks of the upwardly mobile
- Palm is on course to complete a successful turnround by carving out a profitable niche as a leading manufacturer of smartphones that tightly integrate hardware with software, according to its chief executive.Jon Rubinstein rejected suggestions that Palm, which reported a net loss of $753.5m in 2008-09, was likely to...
- News items 2009-10-14
- UK arm of Joost put into liquidation
- The UK arm of Joost, the online video service founded by the creators of Skype and backed by big media investors, was put into liquidation this month after failing to find a buyer.The liquidation is the latest stage in the decline of the Netherlands-based company, which launched in 2007...
- External links 2009-10-14
- Magna's treatment of employees in focus
- With unions now taking centre-stage as the Opel sale nears completion, the spotlight will turn to how Magna treats its workers.Over the past 15 years or so, the Canadian parts supplier has evolved from simply regarding unions as unwelcome in its North American plants to courting them in a...
- News items 2009-10-14
- Trading in online virtual goods set to top $1bn
- Revenues from the sale of virtual goods will top $1bn this year in the US, according to analysts, a 100 per cent leap over last year that signals the arrival of a new online industry in the largest internet market in the western world.The findings, to be released in...
- News items 2009-10-13
- When should a chief executive confront hostile critics publicly?
- Last week, Daniel Vasella, chief executive of Novartis, the Swiss pharmaceuticals company, hit back at animal rights activists who have attacked both him and his company, including the desecration of a family grave. This fightback has been an unusually aggressive public response by a CEO. Many prefer to keep...
- News items 2009-10-13
- Initiatives for crisis-hit companies 'a mixed bag'
- A £1bn flagship innovation fund unveiled by Gordon Brown in June is unlikely to start lending money before next year, it emerged yesterday. Officials also revealed that the Treasury has agreed a provision of only £400m to cover a £2.3bn package of support for the car industry announced in...
- News items 2009-10-13
- Union secures agreement over UK production
- Unite, the UK union, yesterday said it had secured agreement from Magna to maintain production at General Motors' two UK plants beyond 2013, removing a key obstacle to the Canadian company's take-over of Opel and Vauxhall with Russia's Sberbank.The union, which had opposed Magna's Germany-backed restructuring plan for GM...
- News items 2009-10-13
- Palm Pre tie-up crucial to keep O2 competitive edge
- O 2 's deal to be the exclusive UK mobile network for the Palm Pre will help the company continue to outperform its rivals.Matthew Key, head of Telefónica's European businesses outside of Spain, including O 2 UK, said the launch of the Palm Pre would help sustain the mobile...
- External links 2009-10-13
- Johnson & Johnson profits beat estimates
- Johnson & Johnson on Tuesday reported third quarter profits that beat Wall Street estimates, but its sales declined on weak demand for pharmaceuticals.Net income at J&J jumped by 1.1 per cent to $3.3bn, or $1.20 a share, as the New Jersey-based company succeeded in cutting costs. J&J cut 900...
- External links 2009-10-13
- Xstrata still keen on deal with Anglo
- Xstrata signalled on Thursday that it remained interested in a deal with Anglo American even as it dropped its ambitious proposal for a "merger of equals" with the rival miner.The Switzerland-based mining company on Thursday backed away from making a formal offer for Anglo after the UK Takeover Panel...
- External links 2009-10-15
- Ex-Rover aide buys van maker LDV
- Qu Li, the Chinese industrial consultant whose role in the collapse of MG Rover was lambasted in a government-sponsored report, has bought the assets of van maker LDV, another defunct vehicle maker. She plans to set up an electric van company in the Midlands that will employ 200 people.The...
- News items 2009-10-15
- C4 to air content on YouTube
- Channel 4 has signed a pioneering content deal with YouTube , becoming the first broadcaster to make a comprehensive range of full-length television programmes, such as Skins , Hollyoaks and The Inbetweeners , available on the Google-owned video sharing site.Channel 4 will make its entire 4oD video-on-demand "catch-up" service...
- News items 2009-10-15
- Nissan to sell used electric car batteries
- Nissan Motor on Tuesday announced plans to market used lithium-ion batteries from its soon-to-launch Leaf electric car to solar-power generators and other secondary customers, the first major scheme of its kind which could bring down the high cost of owning a zero-emission vehicle.Nissan is to partner with Sumitomo Corp,...
- News items 2009-10-20
- GM in uphill battle as it plans for IPO
- General Motors is fighting a war on several fronts as it labours to sell its Opel unit in Germany, repay debts to the US government and persuade consumers to buy its cars, but it remains on track for an initial public offering in the second half of 2010.GM, which...
- External links 2009-10-19
- GSK faces Merck in vaccine price war
- GlaxoSmithKline plans to undercut its rival Merck in a battle for sales following US regulatory approval for its cervical cancer vaccine Cervarix.The UK-based pharmaceutical group said it would charge less than Gardasil, Merck's vaccine, which generates more than $1bn ( by Financial Times
- External links 2009-10-19
- Sky shrugs off controversy
- British Sky Broadcasting, never long out of the headlines, has a busy period ahead. Its first quarter earnings are being hyped by analysts, who think recent trends in media consumption are all flowing BSkyB's way, writes Ben Fenton .In the next few months, the satellite broadcaster will also be...
- News items 2009-10-18
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